Branch of Hope

Analysis

Branch of Hope is a registered charity in United States, based in Water Valley, MS. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Branch of Hope reported income of $77k and spending of $52k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $77k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Branch of Hope sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within MS. Charities of a similar size with the same main cause include Community Apartments Corporation of Beaufort County ($77k), Independence County Housing Inc ($77k) and Abilities at St Andrews Cove ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $304k against liabilities of $156k, net assets of $148k.